Right on! - h; r' |# j1 P6 f+ P ?% v& G & q4 f+ W( E3 O6 r XI think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$. ( ?# W- d. u- x& c, `2 G: V! t) ^. k* N
Woohoo...time to realize some profits (especially on oil and gas stocks) today! , T$ S/ n" `0 K( R! P; K7 W; E1 d# N
An option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation." ~' o+ b( t( {
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. , D) e3 r, r: | 3 d: ~, v, O7 W' zGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 & y* H" }0 T8 n/ _Right on! 3 i. f! k6 M1 C) m5 O2 b I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
4 j% S; Z; j7 u; V/ _: xRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 2 ^3 ?( d4 f& D
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4 Y% K! @5 `9 l. K" F! a kAre you kidding? " ?) D+ V& k3 }) w2 V. M* `+ }) s! o' ^/ f$ ^: O1 N. L! g
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%